Mol wants to expand into Slovenia. The company's target in Slovenia is Petrol d.d., the largest oil refiner and gasoline retailer in the alpine country, Szabolcs Ferencz, a Mol spokesman said during a press conference in Vienna yesterday. Petrol also sells fuel in Bosnia and Croatia, where it competes with Mol. Though currently, Petrol isn't for sale, but MOL always would be interested in going there, Ferencz said.
Our view: This intention is not new to the market since the company has already mentioned its willingness to expand in Balkans in general and in refining in particular. Petrol is considering to sell shares in order to finance further expansions, however no exact time was set. The core operation of the company is trading activities.